Yes, you can open a joint account under Pradhan Mantri Jan-Dhan Yojana.

You can open a bank account under PMJDY with a nominated bank providing this scheme or any other Business Correspondent outlets.

Yes, you can link your mobile number with your bank account. You can do so by contacting your bank where you have opened your bank account under PMJDY. Bank will enter your mobile number in the CBS system based on the information provided by you.

A small account is a kind of bank account opened under PMJDY for 12 months. A small account PMJDY can be opened by a person who does not have valid documents to open an account. However, after 12 months, the account holder needs to submit required documents to continue the account.

Yes, your family members would receive life insurance cover in case something unexpected happens to you.

The scheme offers a life insurance cover of Rs. 30,000.

No, your family members will not receive multiple life insurance cover. Only one account will be considered and based on it, the life insurance cover will be issued to one individual.

Yes, the scheme offers accidental insurance cover as well. The scheme offers up to Rs. 1 lakh as accidental life insurance coverage.

Yes, it is available under the Pradhan Mantri Jan Dhan Yojana. An account holder can avail loan up to Rs. 5000 against his/her bank account opened under PMJDY. However, in order to avail this benefit any account holder needs to continue the account for six months.

Yes, it is possible to extend your loan/overdraft taken against your PMJDY Bank Account. Bank may increase this amount, provided you make your repayments on time.

You don't have to pay any processing fees to get a loan against your account.

Yes. You can enjoy mobile banking facility with your bank account opened under the PMJDY scheme. You can transfer can check and transfer balance by using a normal cell phone.

The death benefit eligibility is applicable to nominee chosen by the account holder. The select nominee would receive a death benefit of Rs. 30,000 in case something unexpected happens to the life assured.

Yes, a minor is also eligible to open a bank account under PMJDY under the guidance of seniors.

The minimum age of a minor should be 10 years.

Yes, minors are also eligible to get RuPay Cards. They can use the card 4 times in a month for cash withdrawal.

Any of the following documents is required for opening a bank account under PMJDY:

Yes. You can still open a bank account. What you have to do is to provide an identity proof issued by the government of India.

Yes. It can be availed by illiterate account holders as well. RuPay Card is a kind of debit card issued for the purpose of ATM withdrawal and making PoS payments. The concerned bank officials will educated the illiterate RuPay Card holders as to how to use this card and keep it safe at the time of card issuance.

Usually, the accounts opened under PMJDY are Zero balance accounts. If an account-holder wishes to get cheque book, he/she will have to fulfill the minimum balance criteria required by a bank.

Normally, the applicable rate of interest is 4%. However, it is subject to change.

The applicable rate of interest is 12%. It is usually counted as base rate +2% or 12 %, whichever is lower.

No. As per rules banks cannot charge any account opening fees. These accounts are completely free from any charges.

Yes, you can easily transfer your PMJDY account from one city/state to another as all banks offering bank accounts have core banking solutions. You can do this by simply requesting the bank.

Bank Mitr refers to the business correspondents agents who provide banking services at select locations. The Bank Mitr represents the bank and helps it expand its outreach. It offers banking services at low cost at areas where establishing a brick and mortar branch is not feasible. Retired Bank Employees, Retired Teachers, Retired Government Employees and Ex-Servicemen can join as a Bank Mitr.

The accounts opened under the PMJDY scheme are zero balance accounts. You don't have to put any minimum balance in your account.

It is a small device installed at business centers to help you enjoy cashless purchases. PoS stands for point of sale.

Your RuPay Debit Card will remain operative even if you don't use it for one. But, if you don't use it for 45 days, it will stop being operative. You need to use this card at least one time in 45 days.

It depends on banks. Some banks may allow you to open a one while others may not. So, it is advisable you persuade one of your family members who don't have a bank account to reap this benefit offered by PMJDY.

No, income taxpayers and their dependents are not allowed to enjoy life insurance coverage offered by PMJDY Bank accounts.

The exit age determined by this scheme is 60 years. The moment you turn 60 years, you need to quit the scheme.

No. You don't have to service tax if you are a banking correspondent under PMJDY. This is a new inclusion made by the PMJDY scheme.

The minimum age required for opening a BSBDA account is 10 years.

Yes, you renew your debit card once its validity is over. The expiry date of your debit card will be written on your card only. So, check your date and opt for a new card before the expiry date is over.

Yes, you can open an account without an Aadhaar Card. But, you need to apply for an Aadhaar Card and submit it to your bank in the future. In the absence of an Aadhaar Card, you submit any one of the following documents -Voter ID Card, Driving License, PAN Card, Passport or NREGA Card.

You can still open a bank account under the PMJDY scheme and continue it for 12 months. This account is called Small Account. After completion of 12 months, you need to submit the required documents to continue the account.

Yes. You can change your address by proving a self-declaration certificate or submitting supporting documents.